https://www.taxtmi.com/caselaws?id=239675 The appellate tribunal upheld the Adjudicating Officer's decision to impose a penalty of Rs. 8,50,000 on the appellants for violating SEBI regulations. Despite the appellants' arguments of inadvertent violations, the tribunal affirmed the penalty but reduced it by 50% to Rs. 4,25,000 in the interest of justice. The appeal was dismissed, and the modified penalty amount was ordered to be paid within two months. en-us Wed, 26 Jun 2013 00:00:00 +0530 Mon, 18 Nov 2013 09:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239675 The appellate tribunal upheld the Adjudicating Officer's decision to impose a penalty of Rs. 8,50,000 on the appellants for violating SEBI regulations. Despite the appellants' arguments of inadvertent violations, the tribunal affirmed the penalty but reduced it by 50% to Rs. 4,25,000 in the interest of justice. The appeal was dismissed, and the modified penalty amount was ordered to be paid within two months. Case-Laws Companies Law Wed, 26 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239675